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Face Value and Market Value

A man buys Rs...

Question

A man buys Rs $50$ shares of a company, paying $12$ per cent dividend, at a premium of Rs. $10$ . Find the market value of $320$ shares.

19200

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1200

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200

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None of these

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Solution

The correct option is C $19200$
Nominal value of $1$ share = $R s . 50$

Market value of $1$ share $50 + 10 = R s .60$

Market value of $320$ shares = $320 \times 60 = R s . 19, 200$

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A man buys Rs 50 shares of a company, paying 12 per cent dividend, at a premium of Rs.10. Find the market value of 320 shares.

The correct option is C 19200Nominal value of 1 share = Rs. 50Market value of 1 share 50+10=Rs.60Market value of 320 shares = 320×60=Rs.19,200

A man buys Rs $50$ shares of a company, paying $12$ per cent dividend, at a premium of Rs. $10$ . Find the market value of $320$ shares.

The correct option is C $19200$
Nominal value of $1$ share = $R s . 50$

Market value of $1$ share $50 + 10 = R s .60$

Market value of $320$ shares = $320 \times 60 = R s . 19, 200$